In November 2016, the Technology Voucher Programme, also known as TVP, was launched. It is an Innovation and Technology Commission SME support initiative. It seeks to assist local SMEs in increasing productivity and competitiveness, as well as upgrading or transforming their business processes via the use of technical solutions.

• Applications for funding are accepted all year.
• Each corporate organization may apply for up to six projects.
• Total finance limit per enterprise: HKD600,000

Eligibility for Technology Voucher Programme (TVP)

TVP financing is available to local businesses that fulfil the following criteria:

To be eligible for the Technology Voucher Programme, your firm must be established or formed and registered in Hong Kong, with a substantial commercial operation in Hong Kong relevant to the project under consideration. TVP is not available to government subvented organizations (including their subsidiaries) or listed enterprises.

With the support of the TVP, we have set up a retail management system which helps shorten the time for preparing quotations, receipts and sales reports manually and reduces human errors.

Ms Shita WONG

Documents Required for the TVP

To be eligible for TVP financing, local authorities should check the following boxes:

• Copy of Business Registration Office Form 1(a)/1(c) or Annual Return of the Companies Registries
• Evidence of Hong Kong business operations (within three months of submission)
• Copy of the signatory’s Hong Kong Identity Card or Passport
• Copies of signed probity and non-collusive tendering certificates (s)
• Copy(ies) of the bidder’s quotation(s)
• In some cases, you may be requested to submit additional relevant documents.

Amount of Funding for the TVP funding

• The funding amount could be up to 75% of the overall permitted project cost.
• Maximum number of projects granted per enterprise: 6
• Total finance limit per enterprise: HKD600,000

Credibly visualize distinctive testing procedures without end-to-end ROI. Seamlessly brand cross-platform communities with backend markets. Assertively utilize business services through robust solutions. Rapidiously deliver cross-unit infrastructures rather than accurate metrics. 

Procedure for Applying for TVP

1. Prepare quotes and other required documentation
2. Apply to the Innovation and Technology Commission
3. Project begin
4. Complete the project and provide evidence.
5. Receive the subsidy

What types of projects will the TVP fund?

The TVP funds initiatives that use technical services and solutions to boost productivity, enhance, or restructure the applicant’s business operations, such as CRM, ERP, POS, AR/VR, cetera. The deliverables should be used in a way that has a significant impact on the applicant’s business operations in Hong Kong. Please contact us to learn more about how digital transformation might benefit your company.